""This is good news for us. It keeps us alive for the long term," he says. "It keeps 500 employees employed, and it keeps a global brand, based in Boston, viable," he says. "We just signed a long-term lease on our headquarters as a result of this and are keeping all of the engineers, R&D, and software development in this building.""
""It's business as usual," says Cohen."
""iRobot is here to stay. We don't expect any disruptions.""
iRobot filed for prepackaged bankruptcy after potential deals fell through and cash constraints threatened the company. The prepackaged plan will have China-based contract manufacturer Picea Robotics purchase iRobot, taking it private while the brand continues operating. Headquarters, engineering, R&D, and software development will remain in Boston under a newly signed long-term lease. The move aims to preserve about 500 jobs and maintain product support for millions of Roomba owners. Public shareholders will be affected and many earlier layoffs remain, but core operations and customer service are expected to continue without disruption.
Read at The Verge
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